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PBoC holds MLF rate steady for second month

Nov. 25, 2024 12:51 AM ETFXI, PGJ, EWH, CAF, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KUREBy: Meghavi Singh, SA News Editor
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The People’s Bank of China ((PBoC)) kept the MLF rate steady at 2.0%, injecting CNY 900 billion on November 25th.

That compared with a total of CNY 1.45 trillion of MLF loans due this month, marking a net cash withdrawal of CNY 550

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